Care Ratings Buyback

Care Ratings Buyback Details: On July 20, 2022, the board of CARE Ratings approved a buyback offer for Rs. 121.95 crore. The business intends to buyback 23.68 lakh shares at a price of Rs. 515 per share, or 7.99% of the total issued and paid-up equity share capital. On the BSE, shares of CARE Ratings closed 2.3% higher at Rs. 468.75.

Care Ratings Buyback Details

In Q4 FY22 compared to Q4 FY21, the company’s consolidated net profit decreased by 12.16% to Rs 22.90 crore and its sales by 17.23% to Rs 65.88 crore.

Care Ratings Buyback Date

On July 20, 2022, Care Ratings Buyback 2022 was announced. The Care Ratings Buyback Dates are (To be announced). This buyback will cost around Rs. 121.95 billion. And to accomplish this, a buyback tender offer will be made.

Care Ratings Buyback Price

The Care Ratings Buyback Price is Rs. 515 per share. The Company would perform a buyback using equity totaling 23,68,000 equity shares, which are fully paid up and have a face value of 10 rupees each, at a cost of Rs. 515 per equity.

Care Ratings 2022 Acceptance Ratio

The investor should buy around (To be announced) shares at a current market price of ₹(To be announced) (as of (To be announced)). The calculation will be Rs.2,00,000 / Rs.(To be announced) buyback price = (To be announced) shares.

Care Ratings Buyback Details

Security NameCARE Ratings Limited
Buyback TypeTender Offer
Offer Opens On(To be announced)
Offer Closes On(To be announced)
Number of Shares23,68,000 Equity Shares
Buyback Offer AmountRs 121.95 Crores
Listing AtBSE, NSE
Buyback PriceRs. 515 Per Equity Share
Face ValueRs. 10 Per Equity Share

About Care Ratings Limited Buyback

One of the top credit rating companies in India was founded in 1993 and is called CareEdge Ratings (CARE Ratings Ltd). The business is a leading rating agency for many rating categories, including, among others, corporate, financial, structured finance, insurance, manufacturing, infrastructure, and non-financial services.

Additionally, CARE Ratings Ltd provides Risk solutions, Corporate Governance Rating, Grading Services, Customized Research, and Rating Tracker. Two wholly-owned subsidiaries of CareEdge Ratings (CARE Ratings Ltd.) are CARE Advisory, Research & Training Ltd. and CARE Risk Solutions Pvt Ltd.

It is well known that CareEdge is a knowledge-based organisation that offers almost real-time research on all national and international economic trends. On several topics, specialised research and surveys are also conducted. The industry research team continuously monitors and produces sector reports.

CARE Ratings Ltd. is a partner in the multinational credit rating company ARC Ratings on a global scale. Additionally, the organisation has affiliates in Nepal (CareEdge Ratings Nepal) and Mauritius (CareEdge Ratings (Africa) Private Limited (CRAF)). The company has a strategic alliance with Japan Credit Ratings Agency (JCR) and MoU with Russian rating agency ACRA.

You may also read this: What is BuyBack of Share?

Care Ratings Buyback FAQs

What is CARE Ratings Buyback price?

The CARE Ratings Buyback price is set at Rs 515 per Share. The CARE Ratings Buyback opens on (To be announced) and closes on (To be announced).

How do I get the Tender Form for CARE Ratings Buyback?

The Tender Form is a part of the Letter of Offer. It is sent via email to the eligible shareholders on their registered email ids with the depositories/the Company. In case the email id is not registered, the Tender form/Letter of Offer is sent via registered post/speed post/courier to the eligible shareholders as on record date. Alternatively, the Tender Form and Letter of Offer can also be accessed from the websites of the Company, the Registrar to the Buyback, the Stock Exchanges, or the Manager to the Buyback.

Where can I get the Letter of Offer for CARE Ratings Buyback?

The Letter of Offer for CARE Ratings Buyback can be download here.

How to participate in for CARE Ratings Buyback?

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

Why is CARE Ratings Buyback coming up with buyback?

The necessity for CARE Ratings Buyback is not yet declared.

Is CARE Ratings Buyback good or bad?

The CARE Ratings Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.

What is opening date for Care Ratings Buyback?

The Care Ratings Buyback opening date is (To be announced).

What is record date for Care Ratings Buyback?

The Care Ratings Buyback record date is (To be announced).

What is the issue size of Care Ratings Buyback?

Care Ratings Buyback issue size is a Rs. 121.95 Crores.

What is Buyback Price of Care Ratings Buyback?

Care Ratings Buyback issue price is a Rs. 515 per share.